China and the United States have achieved a “basic consensus” on a potential trade agreement after two days of intensive discussions in Kuala Lumpur. The announcement comes just before a scheduled meeting between US President Donald Trump and Chinese President Xi Jinping.

Topping the agenda at every stop is trade, with negotiators still ironing out the details of pacts expected to be signed during Trump’s three-country Asia tour.

BEIJING (AP) — Chinese leader Xi Jinping delivered a speech Monday on the opening day of a major meeting of the ruling Communist Party to approve a draft plan laying out its goals for the country over the next five years.

Treasury Secretary Scott Bessent made it clear how excited his boss is about saving TikTok. During an interview on CBS’ Face the Nation, Bessent, 63, told Margaret Brennan that Donald Trump is finalizing a deal with President Xi Jinping to keep the Chinese-owned social media platform operating in the United States.

Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.